Car Loan Calculator

What To Consider For Car Payments And Car Affordability

Buying any new or used car can get overwhelming when you have no clue of where to begin from the money standpoint. One of the keys to a successful car purchase has always been being able to figure out what you can manage financially. So, to that end, use our car loan calculator to get an idea of what you can afford! All you have to do is plug in your desired monthly payment or your desired vehicle price.

This figure represents the cars sticker price or negotiated price, this is the price that the seller and buyer have agreed upon for purchase of the car. This figure does not include sales tax or the cost of financing the loan.
Look up the price of your car

Enter the MSRP, sales, asking or retail price of your car

This figure represents the value of your current vehicle, minus the amount you still owe on its loan, if any. To find your vehicles Trade-In Value simply select your vehicle from this page, and subtract any outstanding loan balances from that value.
Get your NADAguides trade-in

What is the NADAguides trade-in value of your current car? Note: make sure to deduct any remaining loan balance if you have one.

This figure represents the amount a purchaser is going to pay at the time of purchase. The higher the down payment amount, the lower the amount of interest the purchaser will pay over time.

Will you be putting money "down" on the purchase? If so, how much?

This is the rate at which you will have to pay back additional funds for the use of money lent to you. Interest Rates are calculated based off of borrower’s credit scores, and the amount of money being lent. To minimize the amount of interest paid, increase the amount of your down payment and increase your monthly payments when possible.

FICO Score – FICO® scores can impact the interest you pay on a loan. Below is an example set of FICO® scores and the respective APR. You can see that working to get your score in the higher ranges can mean more savings! Use the below FICO score table to better estimate the APR you will qualify for.

FICO Score APR
760-850 3.442 %
700-759 3.664 %
680-699 3.841 %
660-679 4.055 %
640-659 4.485 %
620-639 5.031 %

What finance/car loan interest rate do you qualify for? 3.95% is based on average credit score.

This is the amount of time a loans repayment is scheduled over. Typically a longer loan term means a buyer will have a lower monthly payment, but will pay more in interest over time.
60 Months

How quickly (in months) do you plan to pay off the car loan? Typically loan terms are offered at 36, 48 and 60 months.

Depending on the state you are buying a new car or a used car in or even leasing it, you may have to pay state sales tax. Keep in mind trading in your existing car may reduce the taxable amount as well. Also, some states compute your sales tax before a rebate or incentive is applied to the purchase price and other states figure it afterwards.
Select State

Sales tax is a combination of your local and state sales tax rates. This figure is not represented in the sticker price of a car, but contributes to the total cost of purchasing a car. Sales tax may vary by county.

Actual price and payments may be different due to local rebates, specials, fees, and credit qualifications. Consult your dealer for actual price, payments, and complete details. .

Sales Tax

Updated as of July 1, 2020

Source: The Tax Foundation - https://taxfoundation.org/state-and-local-sales-tax-rates-2020

Payments

This tool provides estimated monthly payments and estimated APRs for illustrative purposes only. Actual price and payments may be different due to local rebates, specials, fees, and credit qualifications. Consult your dealer for actual price, payments, and complete details.

Pricing shown may exclude a document fee, destination/delivery charge, taxes, title, registration, service contracts, insurance or any outstanding prior credit balances. Optional equipment not included. Option pricing is based on the manufacturer's suggested retail price.

For purposes of calculating your monthly payment, the estimated Manufacturer’s Suggested Retail Price (MSRP) was used. Not all terms are available in all areas. Terms may vary based on creditworthiness.

The price shown is for qualified, eligible customers. Actual dealer price will vary.

Many variables, including current market conditions, your credit history and down payment will affect your monthly payment and other terms. See your local dealer for actual pricing, annual percentage rate (APR), monthly payment and other terms and special offers. Pricing and terms of any finance or lease transaction will be agreed upon by you and your dealer.

The estimated monthly payment is based upon the credit rating of 800.

Rates

An APR is the cost of your credit as a yearly rate. User APR Payment calculations are based an APR and term. The initial APR is provided for estimation purposes only and you may change it at any time. However, you may not be able to finance your vehicle at this rate. See your local dealer for details and actual available terms and conditions.

You may not be able to finance your vehicle at the rate provided.

Incentives and Rebates

Incentive and finance offers shown may not be available to all customers. Incentives lists are examples of offers available at the time of posting and are subject to change.

Not all incentives can be redeemed together. To take advantage of rebates, incentives and/or financing offers you may be required to take new retail delivery from dealer stock by the expiration date noted.

Trade-In

The "Net Trade-in" is an estimate only and many factors that cannot be assessed without a physical inspection of the vehicle may affect actual value. J. D. Power is not responsible for and does not guarantee the "Net Trade-in" information. Please see your local dealer for information regarding actual trade-in availability and value.

ZIP Code

Your ZIP Code helps us calculate your payments and offers.

Photos, Pictures and Vehicle Images

Images shown may not necessarily represent the actual vehicle used to calculate the estimate. Vehicles shown may have optional equipment at additional cost.

Your monthly payment:

$0

Note: Based on the information given, we have calculated that you can afford a car with a monthly payment of up to the figure listed above.

Cost factors included in your monthly payment.

Car Price: $0
Sales Tax: $0
Interest Paid: $0
Total Cost: $0
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New & Used Car Search

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